Russia and Oil Industry Bosses Discuss Whether to Work With OPEC
- Russian oil companies discussed issue with Energy Ministry
- Meeting with OPEC may be held in February, Transneft CEO Says
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The Russian government and oil company bosses discussed whether the nation should coordinate production with the Organization of Petroleum Exporting Countries to revive slumping prices.
Energy Minister Alexander Novak and the heads of Russia’s biggest oil companies discussed the possibility of working with OPEC, the ministry said in the statement on Wednesday. The discussions will continue as no decision was taken, Bashneft PJSC’s chief executive officer, Alexander Korsik, one of the meeting’s participants, told reporters after the event.